DTZ: 30,000 square metres of new grade A office space in Hangzhou in 2Q15
According to DTZ’s Property Times, 30,000 square metres of grade A office space were completed in Hangzhou in 2Q15. The total stock across five sub-markets – Huanglong, Wulin, Qingchun, Qianjiang New City and ‘other’ is just under 2.2mn square metres. The overall vacancy rate was 16%, although it ranged between 9.6% in Qingchun to 58.8% in the ‘other’ sub-market.
Source : July 2015/DTZ/Hangzhou/OFF